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Two-Unit Duplex with Courtyard
For Sale
$350,000

220 S Main St, Lexington, VA 24450

Multi-Family, Lexington, VA

Property Size1,800 SF
Lot Size0.20 Acres
Price / SF$194.44
Days on Market188

Property Features for 220 S Main St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Commercial
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Basement Unfinished
Elementary school Waddell
Middle school Lylburn Downing
High school Rockbridge Co
Directions From downtown Lexington, turn onto Randolph Street . Follow South to the end of street near the entrance to Oak Grove Cemetery. Make a Right onto East McDowell and go for approximately 200 ft. Back entrance and off street parking to the property will be to the right.
Subdivision Lexington
Standard status Active
APN 23 1 163B
Size 1,800 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description Instrument # 030003040
Tax Annual Amount 3800
Legal Description Instrument # 030003040

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Window Unit(s)
Water source Public

Amenities

open porch
fenced courtyard
screened patio
shared backyard

Building Details

Year built 1957
Number of units 2
Flooring type Laminate, Vinyl, Wood
Roof type Metal
Listing Agency: James River Realty - Lexington
Listed By: Jane Harris
Added: Mar 10 Changed: Sep 12 Last Checked: Sep 13 at 7:06AM
MLS# 139833

Copyright © 2026 Rockbridge Highlands Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,800-square-foot duplex contains two residences, each arranged with a galley kitchen, dining area, and living room on the first floor, plus two bedrooms and a full bathroom upstairs. One unit opens to an open porch and fenced courtyard, while the other includes a screened patio or rear porch and access to a small shared backyard. Wood, laminate, and vinyl flooring are present, with natural-gas forced-air heating and window-unit cooling.

The property occupies 0.2 acres at 220 S Main St in Lexington, with off-street parking reached from East McDowell Street. Public water and public sewer serve the property. Built in 1957, the duplex is within walking distance of downtown amenities. Existing tenants may be interested in continuing their occupancy, subject to buyer agreement.

Key Highlights

  • 1,800‑square‑foot duplex with two separate residences
  • Each unit includes 2 bedrooms and 1 full bathroom
  • First‑floor kitchens, dining areas, and living rooms in both units

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Nail Salon Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,220
Businesses Nearby

Demographics for 24450, VA

17,654
Population
7,650
Households
2.3
Avg Household Size
37
Median Age
46%
College-Educated
94%
High-School Grad
220.0 sq mi
ZIP Area
80
Density / Sq Mi
$77,839
Median Household Income
$29,841
Median Earnings
$1,017
Median Rent
$294,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Income property with two bedroom residences, private outdoor areas, and off-street parking near downtown Lexington.
Where is this duplex located?
The property is located at 220 S Main St Lexington, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,800‑square‑foot duplex with two separate residences; Each unit includes 2 bedrooms and 1 full bathroom; First‑floor kitchens, dining areas, and living rooms in both units
More about this property
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